The Consumer Financial Protection Bureau — AKA “The Agency Elizabeth Warren Was Born to Lead” — has announced that its software will be open source, with rare exceptions for security, although “… we believe that, in general, hiding source code does not make the software safer”.

The CFPB’s explanation of why it’s going the open source route hits all the right notes: It’s easy to acquire, it keeps its data open, and it lets the agency tap into the enormous libraries of available code. Plus:

Open-source software works because it enables people from around the world to share their contributions with each other. The CFPB has benefited tremendously from other people’s efforts, so it’s only right that we give back to the community by sharing our work with others.